Funded

Total loan: $1,925
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Mungunbagana

Mongolia
Ulaanbaatar, Mongolia / Personal Housing Expenses

A loan of $1,925 helped to purchase necessary building materials and cover the cost of purchasing a smokeless furnace for his home.


Mungunbagana's story

Mr. Mungunbagana, 27, works as a manager in a private resort. He is unmarried and lives with his younger brother in a small old house which is located in the 'ger' district, a Mongolian nomadic yurt district of Ulaanbaatar, the capital city. His parents live in the countryside far away.

Mungunbagana decided to renovate his old house which was built in the early 1980s. Since then it still has not had any repairs and most of it has fallen into bad condition. So he is planning to do renovations to his house this spring and summer with his brother. Also he has a plan of installing a smokeless heating furnace at his home. He really believes that it will reduce air pollution and the worst influences on air around the city from the coal furnaces. It will be environmental and a natural-oriented idea, he thinks. The loan he is taking will be dedicated to purchasing the necessary building materials and covering the cost of purchasing a smokeless furnace for his home.



Loan details

Loan length:

27 months
Repayment schedule: Irregularly
Disbursed date: April 13, 2012

Lenders and lending teams



Loan details

Loan length:

27 months
Repayment schedule: Irregularly
Disbursed date: April 13, 2012